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Fly News Breaks for June 9, 2016
NRG
Jun 9, 2016 | 05:54 EDT
UBS analyst Julien Dumoulin-Smith double downgraded NRG Energy to Sell from Buy saying the stock's risk/reward "skews negatively" following the near doubling off the January lows. The market is overlooking the $285M decrease in PJM capacity revenue, Dumoulin-Smith tells investors in a research note. He has a $16 price target for the shares.
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